Why would he even bother with private party if it is less like your saying, than trade in value? Having said that, I think private party should be a bit higher than trade-in...

Because people can buy 08's with lower mileage than that in the upper $40k's to low $50k's. Private sale, he'd be lucky to get $45k. Hell in the "Cars for sale" section, a guy is selling his 08 w/ DCT and only 6k miles for $52k.

Why would he even bother with private party if it is less like your saying, than trade in value? Having said that, I think private party should be a bit higher than trade-in...

+1

Quote:

Originally Posted by BMWCadet

Because people can buy 08's with lower mileage than that in the upper $40k's to low $50k's. Private sale, he'd be lucky to get $45k. Hell in the "Cars for sale" section, a guy is selling his 08 w/ DCT and only 6k miles for $52k.

YA, but if the dealer is offering $50k, why would he "TRY" to sell it for 47k or 48k ?

If I private party sell my 2008 Red/black coupe (every option but smg and extended leather) with 14,500 miles what should I look to get?

Dealers are telling me $50k on trade.

Thanks!

The $50K is good. But what's the cost on the new ____ you're buying? The $50K is only part of the equation. There's the cost of the replacement. There's also the cost of the financing if you're not buying outright (and comparison of that to any financing on the old car).

I'd suggest running some scenarios to see what your loss points are based on several deals. You're going to lose something here. The question is how much. Have a totally solid idea of what's a good business deal before going any further with any dealer and keep things within those lines when negotiating.

Hey, the car you have sounds plenty sweet to me so you probably don't really need a new one--make sure the dealer knows that as it helps leverage things in your favor. At the very least it won't hurt and it may help keep focus on the deal not the new toy.

So, are you thinking of keeping the wife's vert with the .9% financing and trading the M3 for an X3 or X5???

Well, I would like to get an X5 etc., but the dealer we have bought so many cars from over the past few years is not really wanting to work the numbers. The deals they are doing on '09s would be appropriate for the 2010 models.

Best number on trade on my car was actually from a Lexus dealer. I just asked about getting an RX at invoice because my wife likes those.

With the .9 financing on the convertible it's hard to give that up. Plus, even though it's not an M, it is a cool ride--all black, sport package etc.

Well, I would like to get an X5 etc., but the dealer we have bought so many cars from over the past few years is not really wanting to work the numbers. The deals they are doing on '09s would be appropriate for the 2010 models.

Best number on trade on my car was actually from a Lexus dealer. I just asked about getting an RX at invoice because my wife likes those.

With the .9 financing on the convertible it's hard to give that up. Plus, even though it's not an M, it is a cool ride--all black, sport package etc.

The RX at invoice is still going to net the dealer money but if you can swing that it doesn't look like you're getting hammered. I don't pay much attention to TV ads, but I thought I heard something about the "Lexus ____ Event" last night with 0% or something like that. If that's the case, and it's available in TX, invoice at 0% is a good deal.

Even though many will tell you to keep the M3 (and I'll admit I'm partial to that myself on a emotional level) you need to do what you need to do to make the best financial decision here IMO. It looks like you've ruled out the other lower cost options (used this and that) so this may be your best financial solution.

I don't think there's any special financing, just special lease deals which aren't so special. Seems like the thing to do would be to hold on my car and just aggressively pay it off over the next 6-9 months, and then figure out what to do from there as opposed to losing money on a trade.

50k trade in is a good deal. As others said, that counts for your trade in the tax of the new car, so that could be a couple of thousands in saving right there also. I think its better then a private sale, unless you can sell the car privately that will gain you more profit then what you would have gotten in trade-in (50k) plus the savings on taxes for the purchase of a new vehicle.

Heard back from the Lexus dealer. You guys were right--ripoff is happening somewhere. Basically the monthly payment they offered on a 36 month lease would only be a $100 less than if I just traded my car and did a finance. That tells me no way.

So I will be keeping my car. I may list it online. Not sure.

But to me it seems, the bottom line is that I can buy a third vehicle like a Discovery for less money than it costs to trade a BMW.